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ALTISOURCE ANNOUNCES WIND DOWN AND CLOSURE OF OWNERS.COM TO INCREASE FOCUS ON CORE BUSINESSES

Luxembourg, October 8, 2019 - Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that it decided to wind down and close Owners.com’s operations. The Company believes that closing Owners.com supports its simplification strategy, eliminates the cash burn associated with this earlier stage business, and increases focus on the core real estate and mortgage businesses.

"Owners.com has been making encouraging progress in demonstrating that a better consumer real estate model based on technology and service may be viable," said William B. Shepro, Altisource’s Chairman and Chief Executive Officer. Shepro further commented, "However, as we continue to work to simplify Altisource and focus on our larger opportunities, we concluded that closing Owners.com is in Altisource’s best interests given the time horizon and level of additional investments needed in order for Owners.com to operate independently. I am proud of the very talented and dedicated Owners.com team and want to thank them for their contributions."
SOLD
Sold in 63 days
68130 Molinos Ct
Cathedral City, CA 92234
3 Beds
2 Baths
1,501 ft2
Sold for
$341,000
Owners.com Estimate:
Estimated Payment:$1,311/mo

Completely REMODELED Contemporary home in an ideal Panorama Park location on a cul-de-sac!

This beautifully REMODELED home has Natural light & high ceilings that greet you the moment you open the door. Inside you will find everything you have been looking for! NEW kitchen! NEW bathrooms! All NEW flooring and baseboards throughout! FRESH paint inside and out! The kitchen has top of the line appliances & quartz countertops that opens to the dining area. A spacious living room with vaulted ceilings that open to the backyard creating the perfect flow of entertaining. The master bedroom has his & hers closets! There is plenty of storage throughout the home and a 2 car garage! The backyard is nicely designed with a POOL and SPA that have NEW plaster! EVERYTHING IN YOUR NEXT HOME IS NEW!.

Property type
Residential
Year built
1988
Parking
Driveway - Concrete, Garage - Attached, Garage - Two
Price/Sqft
$233
MLS #
19461060
Lot Size
7841 sqft
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My NotesiThis is a place for you to write your thoughts and notes about this home. Only you will be able to see the notes.

My Home Features

Rooms

Bedrooms: 3

Bathrooms

# of Full Bathrooms: 2
# of Quarter Bathrooms: 0
# of Half Bathrooms: 0
# of Three Quarter Bathrooms: 0

Interior

Features: Ceiling - Fan(s)

Exterior

Features: Spa - Gunite, Spa - In Ground, Spa - Heated, Spa - Heated - Gas | Pool: true, Gunite, In Ground, Heated, Heated And Filtered, Heated - Gas

Building

Property Types: Residential, Single Family Home | Year Built: 1988 | Architecture: #OTHER | Floors: Vinyl Tile

Garage & Parking

Parking: Driveway - Concrete, Garage - Attached, Garage - Two

Lot

Lot size: 7841 sqft | Zoning: R1

Location

County: Riverside | Real Estate Area: Cathedral City North (335) | MLS #: 19461060

Appliances

Appliances: Dishwasher, Garbage Disposal, Ice Maker, Refrigerator, Range Hood, Microwave, Range

Heating & Cooling

Air Conditioning: Air Conditioning, Dual, Water / Swamp Cooler | Heating: Central Furnace, Fireplace, Forced Air | Fireplaces: true

Owners.com Estimated Value

We calculate the Owners.com Estimate by analyzing sales for nearby similar properties. We use the best data sources, including MLS and county records to generate insights into the property value. You can even create your own estimate by selecting comparable sold listings.

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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Clemente Ambrosano 

Listing courtesy of: Power Brokers International |  (310) 402-5593 

Tools for buyers

Data provided by: Palm Springs Regional Association of REALTORS®
Last detected update: July 02, 2019 05:38PM EST ~ Verified on November 10, 2019 06:25AM EST

Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
All information provided is deemed reliable but is not guaranteed and should be independently verified.

Note: Estimated payment calculations assume 20% down payment with loan terms of 3.86% fixed APR for 30 years.

Property is available to all persons, regardless of race, color, religion, sex, handicap, familial status, or national origin.
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